Scholarships for our extended family

We’re exceptionally grateful for our amazing employees. That’s why we also support the success of future generations, through a range of scholarships for children and families of our team.

National Merit Scholarships

National Merit Scholarships sponsored by Principal are available for dependents of employees who are program finalists. The program is a renewable scholarship offering up to $1,000 per year for four years. Apply now

The Phyllis R. Johnson Scholarship

Dependents or relatives of an employee of Principal who are incoming freshmen at the University of Iowa are eligible to receive a scholarship in memory of Phyllis R. Johnson.

Qualifications

Be a relative of a Principal employee (dependent child, grandchild, niece or nephew). Please note: dependents of advisors and dependents of executives (vice president and above) of Principal are not eligible.

Demonstrate a financial need

Be an incoming freshman at the University of Iowa. Transfer students are not eligible.

Scholarship details

The scholarship can be renewable by applying each year, for a total of 4 years, if:

Questions

For more information, call the university's main toll-free number at 800-553-4692 and ask for Student Financial Aid, or call the office directly at 319-335-1450.

Principal Scholarship for Excellence

The Principal Scholarship for Excellence rewards dependents under age 25 of part-time and full-time employees (with at least one year of employment as of the application deadline) in majority-owned U.S. and international offices and locations.

Qualifications

To qualify for this scholarship, applicants must:

Be a dependent, under the age of 25, of a Principal employee who:

Works a minimum of 20 hours per week

Has a minimum of one year of employment with Principal as of the application deadline

Dependents of advisors or executives (vice president and above) of Principal are not eligible.

Be a U.S. high school senior or graduate who plans to enroll or already is enrolled in a full time undergraduate course of study at an accredited two or four year college or university, or vocational-technical school for the entire upcoming academic year.

Be an international student in the final year of secondary school or secondary school graduate who plans to enroll or who is already enrolled in full time undergraduate university level studies for the entire upcoming academic year.

Have at least a 3.0 GPA or the equivalent.

Scholarship details

This is a one-time scholarship; however applicants will be allowed to reapply each year.

Each award is $2,500.

Up to 20 scholarships are awarded.

The award checks will be issued in U.S. currency.

In order for the dependent to receive the award, Principal employees need to be a current employee on the date the award is issued to their dependent.